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$ 449,000
Est. payment | /mo
5 Beds
3 Baths
1,100 SqFt
$ 449,000
Est. payment | /mo
5 Beds
3 Baths
1,100 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $408
Subdivision Haileybury
MLS® Listing ID T12357224
Style Raised bungalow
Bedrooms 5
Source Timmins, Cochrane & Timiskaming District Association of REALTORS®
Property Description
Welcome to this well-maintained triplex with a stunning view of Lake Temiskaming. An ideal opportunity for investors or owner-occupants looking for steady rental income in a desirable location. Main Floor Unit (Owners Suite / Market Rent $2,100+ utilities): Spacious 3-bedroom self-contained unit featuring a bright living room overlooking the lake, eat-in kitchen, main floor laundry, and walk-out patio with million-dollar views. Lower Level Units: Unit 1: 1-bedroom apartment, currently rented at $655/month + utilities (long-term tenant). Includes fridge, stove, washer & dryer. Unit 2: 1-bedroom apartment, rented at $900/month + utilities. Includes fridge & stove. Both units have ground-level walkouts for easy access. Investment Features:3 separate hydro meters, 3 owned electric hot water tanks, City water meter installed. Strong rental history with potential for increased income if the main floor is rented. Financial Snapshot: Current Income: $1,555/month (two rented units)Potential Full Income: Approx. $3,655/month + utilities. This property balances stable income with lakefront lifestyle appeal, making it attractive to both investors and homeowners. MPAC 333. HYDRO average main floor is $279.47 per month. The two tenants pay their own utilities. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N Yes
View Lake view
Total Parking Spaces 2
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Raised bungalow
Listed by CENTURY 21 TEMISKAMING PLUS BROKERAGE
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4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada